Obama Has Lost Reality – Bush Era Tax Cuts

It is incredibly incredible that one who came from the depths of poverty and who was blessed by God to raise beyond his circumstances could some how side with the wealthiest of the wealthy. This, after being put in his position by the non-wealthy.

The Obama administration has put out a very weak justification for supporting Republicans push to mandate lower taxes for the rich. Essentially the logic went: If I support the Republicans now in reducing taxes for next two years for the top 10% of Americans, who did not vote for me nor ever will; then they will support me to get 6 or so months of a continuance of Unemployment insurance for the common American who is unemployed. The amount here would only be 15% of what Obama affords to the wealthy in terms of dollars.

What this line of reasoning leaves out is this: if the Republicans are successful in opposing the extension of unemployment payments for the common John out there, then they risk increasing their negatives among those people, and increases the popularity of Obama. Obama is no body’s fool; he clearly knows this, but for some reason prefers to reduce his chances of re-election just to satisfy the wealthy.

Moreover, the money that would go to pay the common unemployed person, comes from those who have been working common jobs, for the most part. i.e. those of us earning less than 250k annually. Only, and I do mean ONLY, the top 10% money earners contribute less than 20% to the actual revenues of the federal and state governments.

When it comes to domestic programs like social security, unemployment, road building etc. the wealthy contribute about 10% to such programs, but when it comes to financing wars, foreign and domestic economic programs for business growth, over 90% of funds come from those who earn $250,000 and less. The Common Person.

Either Obama has the worse of the worst possible political handlers, or he has simply cashed his Common Man card in in hopes of being issued an Eliteman card. Or, I don’t know, the only other logical explanation is that they are Black Mailing him or threatening his life. For no matter how you look at it, it is Obama’s catering to and doing obscene things, like the trillion dollar bail out, which decreases his popularity, commonsense says that if he stands up to the wealthy his chances for re-election would increase.

You got me on this one, I don’t have any idea what’s going on with our President.